The easiest business to start online is a service-based business. Freelance writers and VAs are common examples. They can easily sign up on online marketplaces and find a range of companies that need their services. These businesses can be started quickly and pivoted as needed. They are also flexible, allowing you to change and expand your business over time.
Start an online course
Creating online courses can be a lucrative way to share your knowledge and gain an audience. You can sell the courses that you create yourself or use a course platform like Podia to create and host your courses. You can turn your hobby or professional skills into courses and make money by charging a small teaching fee. You can also build a YouTube channel to increase your visibility and attract prospective students.
Video tutorials are a great way to create an online course. You can create a series of videos that offer valuable information and attract repeat students. You can also create a series of these videos and sell the episodes to generate ongoing income. To get started, brainstorm topics that you’d like to teach. Recording your screen and audio is easy with screencasting apps like ScreenFlow, which includes an editing suite.
Sell digital products
One of the most profitable online business ideas is selling digital products. With the right marketing strategy and a good sales page, you can sell digital products on a shoestring budget and with low overhead. The biggest expense is the tech stack that you need to create your product, host it online, market it, and deliver it to the buyer. You can use WordPress as your CMS, or you can use a plugin like Thrive Suite.
A digital product is something that can be delivered instantly to the consumer, whether the customer is at home or abroad. Unlike physical products, digital products are scaleable and don’t require production or inventory. Because there’s no physical product to store or ship, the profit margins are much higher. However, you may need to invest in technical infrastructure, depending on the type of product you’re selling.
Sell services
There are a number of ways to sell services as an online business. Most of them do not require a large amount of capital, making them ideal for the beginner entrepreneur. Many of these business ideas are related to popular goods or problems that society has. By creating a service that addresses these needs, you can get paid for your work.
Scale quickly with online business ideas
One of the best ways to scale an online business is to monetize your knowledge. For example, if you’re a photographer, you can specialize in still images or video. Then you can build a compelling portfolio and eventually, a business. This way, you can keep growing without increasing expenses.
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